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Investigating the Impact of Developing Financial Markets and Tax Revenues on Economic Growth in Southeast Asian Countries
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| Marjan Habibo lahi1, Reza Maabudi2, Mohamad Khorsand3 |
1- PhD Student, Department of Economics, Aligudarz Branch, Islamic Azad University of Aligudarz, Iran
2- Assistant Professor and Faculty Member, Department of Economics, Ayatollah Boroujerdi University, Boroujerd, Iran (Corresponding Author) , maaboudi@abru.ac.ir
3- Assistant professor and member of the academic staff of the Department of Mathematics, Aligudarz Branch, Islamic Azad University, Aligudarz, Iran |
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Abstract: (412 Views) |
The purpose of this paper is to investigate the impact of the development of financial markets and tax revenues on economic growth in Southeast Asian countries using data from the period 1980-1980. For this purpose, a supply-oriented endogenous growth pattern and due to the nonlinear relationship between the research variables, the PSTR model has been used. In this study, three indicators of financial depth, accessibility and efficiency have been used for financial markets. The results of estimating the changes in indicators of financial market development and tax revenues show that the response of indicators to tax shocks, aggregate demand and commodity markets in terms of direction, intensity and pattern in Southeast Asia is significantly positive. Also, based on the results of the research model (PSTR-MS_VAR-Panel-Svar), there is a significant relationship between financial market indices and tax revenues. By increasing these indicators in terms of economic stability, economic growth increases and increases security, income and reduces corruption in each country, especially in the countries under study. |
Article number: 3 |
| Keywords: Financial Markets, Economic Growth, Tax Revenues, Southeast Asian Countries, Model P. |
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Full-Text [PDF 933 kb]
(158 Downloads)
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Article type: Research |
Subject:
Special
Received: 2022/06/24 | Accepted: 2022/09/10 | Published: 2022/12/1
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